Benefit Restoration Plan definition
Examples of Benefit Restoration Plan in a sentence
During the Employment Period, the Executive shall be entitled to participate in all incentive, savings, retirement, deferral (including the plans described in Section 6(a)(v) below), and nonqualified supplemental pension (including the Benefit Restoration Plan) plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies.
The benefit liabilities of the Benefit Restoration Plan shall be funded on an as-needed basis.
The Board shall pay benefits under the Benefit Restoration Plan beginning on or after the date specified on the Information Sheet.
The benefits payable under this Benefit Restoration Plan may not be assigned or alienated, except as otherwise permitted for benefits payable by the Plan.
Contributions to the Benefit Restoration Plan shall be deposited in the separate Trust established and administered by the Board.